Buy The Right Business Right

The Importance of Buying the Right Business

Do you dream of being your own boss? Running a successful business and enjoying the fruits of your labor? Well, buying the right business is the first step towards turning that dream into a reality.

With countless businesses available for sale in the market, it can be overwhelming to choose the one that suits your goals, skills, and financial capabilities. This article will guide you through the process of buying the right business right, ensuring that you make a lucrative investment that aligns with your aspirations.

BUY THE RIGHT BUSINESS RIGHT: 9 UNIQUE STRATEGIES MAKE IT EASY AND AFFORDABLE

by Kelly Eggers (Kindle Edition)

5 out of 5

Language	:	English
File size	:	4010 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	236 pages
Lending	:	Enabled

FREE

Understanding Your Goals

Before diving into the world of business acquisitions, it's crucial to have a clear understanding of your goals. What do you want to achieve with this purchase? Are you looking for a stable income stream, or do you have ambitions of growing and scaling a business?

By pinpointing your objectives, you can narrow down your search and focus on businesses that align with your vision. This clarity will save you time and prevent you from investing in a business that doesn't fit your long-term goals.

Assessing Your Skills and Experience

Acquiring a business in an industry you have experience in can be advantageous. Your existing knowledge and expertise will give you a competitive edge and increase your chances of success. However, don't shy away from exploring opportunities outside of your comfort zone.

If you're passionate about a particular industry but lack direct experience, consider partnering with someone who has the necessary skills. A strong team can make up for any gaps in knowledge and increase your chances of making a profitable investment.

Evaluating the Market

Buying the right business requires a thorough evaluation of the market conditions. Identify trends, potential risks, and growth opportunities in the industry you're interested in. Conduct market research to understand customer preferences, competitor landscape, and any regulatory factors that may impact the business.

Additionally, assess the financial health of the business you intend to purchase. Analyze its revenue, profitability, and cash flow. Seek professional assistance if needed to ensure you have a comprehensive understanding of the financial aspects.

Considering the Lifestyle Fit

Running a business demands time, effort, and dedication. Therefore, it's essential to consider the lifestyle fit before finalizing a business acquisition. Evaluate the expected workload, operational requirements, and flexibility associated with the business.

If you value work-life balance, a business that requires extensive travel or operates 24/7 may not be the best fit for you. Carefully assess how the business aligns with your personal priorities and commitments.

Seeking Professional Guidance

Buying a business is a complex process, and seeking guidance from professionals can greatly assist you in making an informed decision. Consider working with a business broker or consultant who specializes in mergers and acquisitions.

These experts can help you navigate through the entire process, from identifying potential target businesses to negotiating the purchase terms. They have valuable industry insights and can provide an objective perspective that might not be achievable through an independent search.

Buying the right business right is a crucial step towards achieving your entrepreneurial dreams. By clearly defining your goals, assessing your skills, and evaluating the market, you can make an informed decision that aligns with your aspirations.

Remember to consider the lifestyle fit and seek professional guidance when needed. With the right approach and thorough due diligence, you can buy a business that not only brings financial success but also fulfillment and satisfaction.

Buy The Right Business Right - Start Your Entrepreneurial Journey Today!

BUY THE RIGHT BUSINESS RIGHT: 9 UNIQUE STRATEGIES MAKE IT EASY AND AFFORDABLE

by Kelly Eggers (Kindle Edition)

5 out of 5

Language	:	English
File size	:	4010 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	236 pages
Lending	:	Enabled

FREE

There is only one way to make a great deal of money and that is a business of your own. 
J. Paul Getty

          That’s great advice . . . but how do you do it without enduring a stressful two or three-year startup phase with little or no money coming in?  Answer.  You buy an established business and start making a profit from day one.

          Are there concerns and worries connected with buying a business?  Of course there are, but with the information in Donald Lawrence’s new book, you can jump over these bumps in the road and land on your feet with a business that will make you personally and financially successful. A business you will not only be proud of, but one you will actually enjoy owning.

Buying a business consists of three major phases:  Mindset, Pricing, and Negotiating.   

Mindset:  

• Make sure business ownership is right for you.
• Scientifically review every type of business so you don’t overlook one you really like and have experience in.  NOTE - It can be, but doesn’t have to be, the one you have been working in for five, ten or more for years.
• Learn how to leverage your investment so you acquire a more profitable business than you thought possible.

 Pricing:

• A new Business Valuation formula that makes so much common sense, most sellers will agree with your price.
• A formula that bridges the gap between Rules-of-Thumb and industrial formulas used to price most businesses.
• A formula that uses criteria similar to what professional Business Appraisers use who charge thousands of dollars for a valuation.

Negotiating:

• 8 principles that can save you from disaster.
• Recognizing the Elephant in the deal so you’re not blindsided.
• Questioning techniques that reveal vital business issues many sellers are reluctant to disclose.

After reading this list of features, you might be thinking this book will read like a College Chemistry textbook i.e.: dull and confusing.   Well, have no fear.  You’ll not only learn valuable lessons from Don’s book, you’ll actually enjoy the process. 

You see, Don has taken the experiences of many of the buyers he worked with and created a fictional story.  The book describes how a laid off worker uses the strategies revealed in the story to overcome - or go around - the frustrations involved in buying a business.    Of course, in good literary style, our hero buys his dream business and lives happily ever after.  Something you’ll be doing once you’ve read this book and applied the principles.

If you’re truly interested in buying a business to insure your personal and financial success, then you must read BUY THE RIGHT BUSINESS RIGHT ~9 UNIQUE STRATEGIES MAKE IT EASY AND AFFORDABLE.

Praise for Buy the Right Business Right

“It’s really great to read a book of ‘how to’ and feel as though I am right there in the process.  I also appreciate the mystery of the various forms and formulas explained in such clear terms.” 
Zona R, Scottsdale, AZ, author/publisher

“During a twenty-year period, Don helped me buy four good businesses, as well as keeping me from buying a few bad ones.  With this book, you’ll no longer have to live in Phoenix to benefit from his knowledge.” 
Mike B., Chandler, AZ, business owner